"Once licensed, a life agent is not subject to any mandatory industry oversight, which differs significantly from all other sectors of the financial services sector" — Gerald Matier, executive director of the Insurance Council of British Columbia
That quote comes from a detailed investigation into the mysterious world of life insurance by the Globe & Mail. Do read through Canada's insurance loophole for yourself. Here are thoughts on matters that aren't widely discussed.
This podcast accompanies a blog post at Riscario Insider: http://blog.riscario.com/2011/01/globe-mail-on-canadas-insurance.html